Česká národní banka


CNB Board decisions - 2013

Date of
the meeting 
Presentation for
the press
conference
Transcript
 of the introductory statement
from the press conference
Minutes of the Bank Board meeting,
Graph of Risks to the Inflation Projection
17 Dec 2013 Presentation
(pdf, 66 kB)
Transcript
17 Dec 2013
Minutes
17 Dec 2013
7 Nov 2013 Presentation
(pdf, 126 kB)
Transcript
7 Nov 2013
Minutes
7 Nov 2013
26 Sep 2013 Presentation
(pdf, 92 kB)

Transcript
26 Sep 2013

Minutes
26 Sep 2013

Graph of Risks to the Inflation Projection
1 Aug 2013 Presentation
(pdf, 121 kB)
Transcript
1 Aug 2013
Minutes
1 Aug 2013
27 Jun 2013 Presentation
(pdf, 68 kB)
Transcript
27 Jun 2013
Minutes
27 Jun 2013

Graph of Risks to the Inflation Projection
2 May 2013 Presentation
(pdf, 85 kB)
Transcript
2 May 2013
Minutes
2 May 2013
28 Mar 2013 Presentation
(pdf, 67 kB)
Transcript
28 Mar 2013
Minutes
28 Mar 2013

Graph of Risks to the Inflation Projection
6 Feb 2013 Presentation
(pdf, 84 kB)
Transcript
6 Feb 2013
Minutes
6 Feb 2013

The Bank Board discusses monetary issues eight times a year, and, in exceptional cases, it may also take decisions on monetary issues at extraordinary meetings. The Bank Board’s monetary policy decision is published after the end of monetary policy meeting, at 1 p.m. This is followed by a press conference at 2.30 p.m., at which the CNB releases the ratio of the votes cast about the interest rates settings, a brief digest of the information which the Bank Board based its discussion on, and a list of the risks pertaining to the current forecast according to the Bank Board members. The presentation given at the press conference is made available immediately after the press conference, usually at around 3 p.m. Since May 2007 audio recordings and since December 2009 also videos from the press conference have been made available on the CNB website about one hour after the press conference. The minutes of the meeting, reflecting the Bank Board members’ discussion, are usually published 8 days later. Detailed transcripts of all monetary policy Bank Board meetings and the related inputs for the decisions (the Situation Report on Economic and Monetary Developments and the Monetary Policy Recommendations) are published six years later.

The Monetary Policy Recommendations were part of the Situation Reports until May 2001. At its meeting on 31 May 2001, the CNB Bank Board decided not to include them in the Situation Reports any more. Since this date the Monetary Policy Recommendations have been prepared as a separate document. From June 2001 to March 2004, the Monetary Policy Recommendations contained the risk assessment and recommendation formulated by the Monetary Policy Division (i.e. only one of the several divisions within the Monetary and Statistics Department). This recommendation was discussed further in the Monetary and Statistics Department and therefore could differ from the final recommendation of the Monetary and Statistics Department submitted to the Bank Board during the discussion of the Situation Report. Since April 2004, the Monetary Policy Recommendation has contained the risk assessment and final recommendation of the Monetary and Statistics Department.